Early Days Of a Data-Sharing Revolution: Here’s a really interesting story about how companies are licensing their data to other companies for some really obscure purposes that you wouldn’t have thought of.
A new version of Intuit Inc.’s ItsDeductible software, which hit retail stores last week, uses eBay’s auction prices to estimate the value of charitable donations for tax write-offs.
With the advent of Web services, sharing data has become so much easier that parasitic relationships like this will start appearing more and more. Companies with vast archives of data may find ways to monetize it that just weren’t possible a year ago. Look at KeepMedia — magazines have suddenly found a way to generate revenue from dusty old issue archives.